26.01.2009 - Yellow metal to shine bright
From Business-standard.com: Gold may advance further this week on increased demand from investors for the metal as a safe bet in the face of a deteriorating world economy and declining investors' risk appetite for other asset classes. In dollar terms, however, the yellow metal is likely to remain bullish to $940 an oz because of uncertainty regarding dollar and strong support in precious metals through exchange-traded fund (ETF). For example, gold holding in the SPDR Gold Trust, world's largest gold-backed ETF, rose 1.6 per cent on Friday to 819.11 tonnes, equal to about four months of global mine production..... Full Article: Source